The government may have announced an end to the stamp duty holiday after 2009, but leading housebuilder Taylor Wimpey has pledged to continue to cover the cost of the tax for its purchasers on selected homes. The housebuilder hopes the move will further boost recovery in the housing market as well as save buyers thousands of pounds.
The government scheme had made properties under £175,000 temporarily exempt from the duty, but from 1st January 2010 purchasers will have to pay the one per cent tax for properties costing between £125,000 and £250,000. The cost is for larger homes is three per cent on houses priced between £250,000 and £500,000, and four per cent for those over £500,000. Taylor Wimpey has now said that it will continue to cover the cost of stamp duty on selected properties, including homes at Wester Grove in Bathgate; Wellhall Grange in Hamilton; Newton Farm in Cambuslang; Excelsior Gate in Motherwell, as well as Callendar Rise in Falkirk.
Linda Smith, sales manager for Taylor Wimpey West Scotland, comments: “The stamp duty holiday was largely seen as a step in the right direction and provided much needed support for many first time buyers particularly in the west of Scotland where a fair percentage of properties are under £175,000. Our scheme will continue to support these purchasers as well as those buying larger houses where the cost of stamp duty is even greater.”
See Also: Property News (6699), Taylor Wimpey (1857), Wester Grove (2), Bathgate (5), Wellhall Grange (1), Hamilton (6), Newton Farm (5), Cambuslang (6), Excelsior Gate (1), Motherwell (5), Callendar Rise (3), Falkirk (4)
Date Published: 22 January 2010
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